Retail inventories come in at 0.7%

  • US Wholesale inventories rose by a greater than expected 1% versus 0.4% estimate.
  • The prior month came in at +0.6%.
  • Retail inventories for the month of August payment at +0.7%. This was higher than the prior month at -0.1%
  • durable goods inventories rose by 1% and up 5% on the year
  • non-duurablle goods rose by 1.2% and are up 3.9% year

Higher inventories tend to increase GDP in the short term but can be a drag in the future.

Below is the table of the raw amounts and % changes for the inventory data.